Potential of Vietnam's central coast introduced to Thai investors

Bangkok (VNA) – Investment opportunities and potential of Vietnam's central coast were introduced to Thai investors at a workshop held in Bangkok on October 6.

The event was jointly held by the Embassy of Vietnam in
Thailand and the Board of Investment of Thailand (BOI), with representatives from the
Thailand-Vietnam Business Council, the Federation of Thai Industries, research
institutes and 200 local enterprises in attendance.

Opening the workshop, Vietnamese Ambassador Nguyen Hai
Bang highlighted the good relations between Vietnam and Thailand, paving the
way for business partnership between the two countries’ companies. Cooperation in
trade and investment has also deepened the bilateral strategic
partnership, he said.

Thailand is among top 10 largest foreign investors in
Vietnam, pouring over 8.4 billion USD into nearly 500 projects mostly in northern
and southern Vietnam, he noted.

Central Vietnam that has
greatly benefited from the government’s policies for foreign investment
attraction. Central Vietnam has advantages of transport connectivity and logistics
services between the region and Thailand’s Eastern Economic Corridor, the
ambassador said.

Delegates presented the latest investment
trends and their effects on economic activities in Vietnam and Thailand. The
event also included a dialogue session in which authorities from Vietnam and
Thailand answered inquiries from businesses from the two sides regarding
investment incentives and legal procedures.

BOI Vice Secretary General Chokdee Keawsang revealed that
the BOI will open a representative office in Hanoi next year to support
Thai investors in Vietnam.

Vietnam-Thailand cooperation in economics, trade and
investment have made significant progress since the two nations established
diplomatic ties in 1976. At the present, Thailand’s investment in Vietnam
mainly focuses on manufacturing and processing (7.14 billion USD in 212
projects), infrastructure (397 million USD in seven projects) and agriculture (277
million USD in 30 projects).-VNA